World Gold Council Director Joins Bitcoin Lending Firm BlockFi World Gold Council Director Joins Bitcoin Lending Firm BlockFi


World Gold Council Director Joins Bitcoin Lending Firm BlockFi

updated on:6 Mar 2021

Bitcoin lending and borrowing service BlockFi has appointed Greg Collett as the firm’s new head of investment products, it announced yesterday.

"As we expand our product offerings and services for institutional investors, Greg will play an integral role in liaising with clients and potential external partners," said BlockFi’s CEO Zac Prince.

Prior to joining BlockFi, Collett held a similar position at the World Gold Council (WGC), one of the leading players in the gold industry. At WGC, he was responsible for launching new products and building the organization's asset management subsidiary.
Collett’s professional background included a six-year spell at Deutsche Bank, where he served as vice president, counsel and director and launched the first commodity futures-based exchange-traded fund on a US exchange.

BlockFi has raised over $158 million in funding to date and saw a 1,500% increase in assets under management—up to over $4 billion—in 2020. The New York-based company also owns 5% of the Grayscale Bitcoin Trust (GBTC) and pays increased attention to the institutional market, having launched an over-the-counter trading desk for ultra-high net worth investors last month.
The firm expects that Collett’s appointment will help it secure its positions on the market and is confident that his experience in creating and managing new investment products will be “critical” for further growth.

According to a recent tweet by Prince, February was another record-breaking month of interest payments for BlockFi clients as more than $35 million was paid out. This follows the previous record of $20 million that was seen in January.

Share this Blog with your friends


No Comments

Suggested Content

MicroStrategy Board of Directors Now Paid In Bitcoin

updated on:13 Apr 2021

The board of analytics software company MicroStrategy is now paid in Bitcoin, according to the compa

Continue Reading

Bitcoin 'Doesn’t Fulfill Basic Properties of Money': ECB Board Member

updated on:10 Apr 2021

Isabel Schnabel, Member of the Executive Board of the European Central Bank (ECB), has described Bit

Continue Reading

Bitcoin ETF Approval Will Happen: Morgan Creek’s Mark Yusko

updated on:9 Apr 2021

Morgan Creek Capital Management CEO Mark Yusko has expressed his confidence that a Bitcoin ETF will

Continue Reading

Ukrainian Officials Own $2.67 Billion in Bitcoin: Report

updated on:9 Apr 2021

Civil servants and officials in Ukraine are holding a significant amount of Bitcoin (BTC) and other

Continue Reading

JP Morgan's Jaime Dimon: Bitcoin Regulation a ‘Serious Emerging Issue’

updated on:8 Apr 2021

The legal and regulatory status of Bitcoin and other cryptocurrencies is something that needs to be

Continue Reading